As Time Draws Closer to Contract Expiration, Futures Contract Prices

question 21

Multiple Choice

As time draws closer to contract expiration, futures contract prices can be expected to:

• A)Increase as the demand for delivery intensifies
• B)Decrease as speculators resolve the uncertainty of prices
• C)Move similarly to broad-based market indices, such as the S&P 500
• D)Converge upon the spot price

Identify the legal protections provided to corporate directors and officers, such as the business judgment rule.

Grasp the processes and authorities involved in selecting and removing corporate officers.

Understand how corporate policies are formulated and the board’s role in such decisions.

Comprehend the legal consequences of directorial and officer breaches of duty, including derivative suits.